MD_DA410
DA
MD DA410 BUTTER - NORTHEAST 

MADISON, WI.   July 13, 2015 (Report 28)   


NORTHEAST BUTTER:   

Post-holiday butter production in the East slowed from the July 4 
holiday levels. With current tightening of available cream, processors 
in some channels are compelled to satisfy contracted cream commitments 
ahead of churning. Regional butter producers with surplus cream on 
hand note that butter stocks are adequate for near term needs. Buyers 
are searching and able to find, at times, surplus loads through cash 
markets. Store ads dropped marginally in the Northeast, but retail and 
food service print butter interest is mostly steady. The Northeast 
bulk butter price is reported 5 to 8 over the market, based on CME 
Group with various time frames and averages used, as loads transition 
primarily through contracts. According to the DMN National Retail 
Report-Dairy, for July 8-14, the national weighted average advertised 
price for 1-pound butter is $3.19, down $0.19 from last week, but up 
$0.17 from last year. The Northeast regional price is $3.42, down 
$0.01 from the previous week. In the Southeast, 1-pound butter is 
priced at $3.42, down $0.09 compared to last week's price. Tuesday's 
CME Group cash trading saw Grade AA butter close at $2.25, down $0.09 
from last week. DAIRY PRODUCTS: According to NASS, U.S. butter 
production for May 2016 totaled 169.9 million pounds, up 0.3% from May 
2015 production, but down 3.7% from last month's production. Butter 
output in the Atlantic region was 17.3 million pounds, up 6.7% from 
last year, but down 9.1% from a month ago.


1100CT daniel.johnson@ams.usda.gov 608.557.7006
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home